TRBUSD looking for pullback before continuation?
I'm looking for potential pullback for TRBUSD before continuation with the bullish surge.
I see two possibilities here.
1. Move past resistance at 30.49 level, then look for longs after a retest of that level or long it on breakout.
2. Pullback to retest last resistance at 25.05 level and claim it as support, then look for longs at that S/R flip.
Second option would be ideal with RSI retesting last resistance at 50.58 level marked on the chart and then claiming it as support... ;)
Personally I'm hoping for the second option as I always like to buy it cheaper :) but one should be ready for both scenarios.
Target would be at the green box above... ;)
Trade safe!
Cheers.
I see two possibilities here.
1. Move past resistance at 30.49 level, then look for longs after a retest of that level or long it on breakout.
2. Pullback to retest last resistance at 25.05 level and claim it as support, then look for longs at that S/R flip.
Second option would be ideal with RSI retesting last resistance at 50.58 level marked on the chart and then claiming it as support... ;)
Personally I'm hoping for the second option as I always like to buy it cheaper :) but one should be ready for both scenarios.
Target would be at the green box above... ;)
Trade safe!
Cheers.
Trade active
And there we have it. My preferred second option in the making and looks good so far. Entry at $25. Let's see if we can claim this level as support now.
p.s
RSI is testing previous level of resistance marked on the chart but somehow here it does not. I'm not sure why it's not updating.
You can check it on yours ;)
Trade closed: stop reached
Price failed to hold $25. Trade closed.
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